LARRY JOE HARLESS COMMUNITY CTR FD… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

SHARON MURPHY

Phone

3046643227

Tax Period

2023-01-01 to 2023-12-31

LARRY JOE HARLESS COMMUNITY CTR FDN INC, founded in 1996, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 5% surplus.

Mission

THE ORGANIZATION IS A NON-PROFIT WHICH OPERATES A LOCAL COMMUNITY CENTER IN SOUTHERN WEST VIRGINIA FOR THE BENEFIT OF THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $803,620 Revenue: $850,491

SINCE THE CENTER OPENED IN 4/99 THERE HAVE BEEN OVER 1500 PERSONS WHO PURCHASED MEMBERSHIPS TO TAKE ADVANTAGE OF THE RECREATIONAL AND EDUCATIONAL OPPORTUNITIES OFFERED AT THE CENTER BY THE...

SINCE THE CENTER OPENED IN 4/99 THERE HAVE BEEN OVER 1500 PERSONS WHO PURCHASED MEMBERSHIPS TO TAKE ADVANTAGE OF THE RECREATIONAL AND EDUCATIONAL OPPORTUNITIES OFFERED AT THE CENTER BY THE ORGANIZATION. THE COMMUNITY CENTER HOUSES A FITNESS CENTER, SWIMMING POOL, OUTDOOR PLAYGROUND, TENNIS AND BASKETBALL COURTS, AND A GYMNASIUM WITH A WALKING TRACK. CONFERENCE ROOMS ARE AVAILABLE WHERE CATERING IS OFFERED. THE CENTER HAS WORKED CLOSELY TO RESPOND TO COMMUNITY NEEDS AND CONTINUES TO BE PART OF THE MINGO COUNTY CORONAVIRUS COALITION. THE CENTER IS VACCINATION SITE.

Program 2

Expenses: $203,673 Revenue: $136,952

ANOTHER ATTRACTION OF THE COMMUNITY CENTER IS A SNACK BAR SERVING THE GENERAL PUBLIC INCLUDING EMPLOYEES, MEMBERS AND GUESTS. FOOD AND BEVERAGE CAN BE PROVIDED FROM THIS SITE WHEN CONFERENCES ARE...

ANOTHER ATTRACTION OF THE COMMUNITY CENTER IS A SNACK BAR SERVING THE GENERAL PUBLIC INCLUDING EMPLOYEES, MEMBERS AND GUESTS. FOOD AND BEVERAGE CAN BE PROVIDED FROM THIS SITE WHEN CONFERENCES ARE HELD AT THE CENTER.

Program 3

Expenses: $5,800 Revenue: $14,400

MARSHALL UNIVERSITY LEARNING CENTER - THIS FACILITY IS OPEN FOR USE BY THE GENERAL PUBLIC. USAGE OF THE COMPUTER LAB INCLUDES HOMEWORK ASSISTANCE, INTERNET SEARCHES AND PRINTING BY STUDENTS AFTER...

MARSHALL UNIVERSITY LEARNING CENTER - THIS FACILITY IS OPEN FOR USE BY THE GENERAL PUBLIC. USAGE OF THE COMPUTER LAB INCLUDES HOMEWORK ASSISTANCE, INTERNET SEARCHES AND PRINTING BY STUDENTS AFTER SCHOOL AND DURING DAY CAMPS. SMALL ENTREPRENEURS CAN USE THIS FACILITY FOR INTERNET SEARCHING, ORDERING AND REPORTING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $568,896

Program Service Revenue $432,947

Investment Income $69,934

Other Revenue $0

TOTAL REVENUE $1,071,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $353,361

Fundraising Expenses $0

Program Expenses $1,013,093

Other Expenses $659,732

TOTAL EXPENSES $1,013,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,071,777	N/A	N/A
Expenses	$1,013,093	N/A	N/A
Net Income	$58,684	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$49,855

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON MURPHY	PRES/DIR	8.00	Officer Director	$0	$0	$0
RAY MCKINNEY	VICE PRES/DIR	2.00	Officer Director	$0	$0	$0
BRUCE BURGESS	SEC/DIR	2.00	Officer Director	$0	$0	$0
JIM THORNBURG	TREAS/DIR	3.00	Officer Director	$0	$0	$0
ANDY DILLON	DIRECTOR	2.00	Officer Director	$0	$0	$0
DAN MOORE	DIRECTOR	2.00	Officer Director	$0	$0	$0
DR JOHN BRICK	DIRECTOR	2.00	Officer Director	$0	$0	$0
FRED HARLESS	DIRECTOR	2.00	Officer Director	$0	$0	$0
CLAYTON CLINE	DIRECTOR	2.00	Officer Director	$0	$0	$0
PAUL PINSON	DIRECTOR	2.00	Officer Director	$0	$0	$0
CODY HOUCK	DIRECTOR	2.00	Officer Director	$0	$0	$0
JUSTIN BROWN	DIRECTOR	2.00	Officer Director	$0	$0	$0
CHERYL MITCHEM	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$44,490	$0	$44,490
QUINN MILLER	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$5,365	$0	$5,365

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,071,777	$1,013,093	$1,462,220	$58,684
2022	$856,840	$937,229	$1,413,009	$-80,389
2021	$953,584	$850,411	$1,498,509	$103,173
2020	$1,089,101	$896,299	$1,339,496	$192,802
2019	$997,452	$880,883	$1,110,162	$116,569

LARRY JOE HARLESS COMMUNITY CTR FDN INC